Redesignation Date definition

Redesignation Date means, as to the Covered Debt in effect at any time, the earliest of (a) the date that is two years prior to the final maturity date of such Covered Debt, (b) if the Corporation elects to redeem, or the Corporation or a Subsidiary of the Corporation elects to repurchase, such Covered Debt either in whole or in part with the consequence that after giving effect to such redemption or repurchase the outstanding principal amount of such Covered Debt is less than $100,000,000, the applicable redemption or repurchase date and (c) if such Covered Debt is not Eligible Subordinated Debt of the Corporation, the date on which the Corporation issues long-term indebtedness for money borrowed that is Eligible Subordinated Debt.

Redesignation Date shall be the date specified as the Redesignation Date for such Series in the Appendix for such Series.

Redesignation Date means the date on which Accounts are redesignated (a) to the Seller as specified in the related Redesignation Notice provided by the Seller (or the Servicer on its behalf) pursuant to Section 2.7 of the related Receivables Purchase Agreement and (b) to the related Depositor as specified in the related Redesignation Notice provided by the Depositor (or the Servicer on its behalf) pursuant to Section 2.7(b)(i), 2.8(b)(i) or 2.8(c)(i) of the related Sale and Servicing Agreement, as the case may be; provided, however, that, in the case of the redesignation of Ineligible Accounts pursuant to Section 2.8(b) or (c) of the related Sale and Servicing Agreement, as the case may be, the applicable Redesignation Date will be the first day of the Collection Period following the Determination Date on which the Servicer’s records indicate that such Account has become an Ineligible Account, or such earlier date as the related Depositor may elect.

Examples of Redesignation Date in a sentence

• Each Preferred Ordinary Share shall be issued at such subscription price as may be agreed in writing between the Company and the Subscriber for that Preferred Ordinary Share, and each Preferred Ordinary Share shall, until its Redesignation Date, have the rights, privileges and conditions as set out in these Privileges and Conditions.

• The Preferred Ordinary Dividends payable in respect of each Preferred Ordinary Share shall cease to accrue from the Redesignation Date of that Preferred Ordinary Share.

• As of the applicable Redesignation Date, the Redesignated Account Schedule is an accurate and complete listing in all material respects of all the related Redesignated Accounts and the information contained therein with respect to the identity of such Redesignated Accounts and the Principal Receivables arising in connection therewith is true and correct in all material respects as of such Redesignation Date.

• The Transferor hereby delivers herewith the Redesignated Account Schedule specifying for each such Redesignated Account, as of the Redesignation Date, its account number and the aggregate amount of Principal Receivables of such Account.

• Within 3 (three) Business Days after the Redesignation Date of each Preferred Ordinary Share, the Company shall procure the necessary electronic entries being made in the Company's sub-register reflecting the Holder of that Preferred Ordinary Share as holding an Ordinary Share, and from the date on which such entries are made, the Share certificate of the Preferred Ordinary Share shall no longer be valid.

More Definitions of Redesignation Date

Redesignation Date means, with respect to the Redesignated Accounts redesignated hereby, __________, 20__.

Redesignation Date means the date on which Accounts are redesignated to the Seller as specified in the related Redesignation Notice.

Redesignation Date means, with respect to the Redesignated Accounts redesignated by this Reassignment, , 20 .

Redesignation Date means, as to the Covered Debt in effect at any time, the earliest of:

Redesignation Date has the meaning given to such term in the definition of “Unrestricted Subsidiary.”

Redesignation Date means, with respect to the Redesignated Accounts redesignated by this Reassignment, __________, 20__.

Redesignation Date has the meaning specified in Clause 7.1 of the RSA;